--%>
Assignment Help - homework help

Exploitation problem

If the resource suppliers are paid less than the values of their marginal products [VMPs], then they are stated to be: (i) In equilibrium. (ii) Exploited. (iii) Monopolistic. (iv) Monopsonistic.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Labor Derived Demand The faddish

    The faddish popularity of Atkins and the South Beach diets both of which advice dieters to eat additional meat and to decrease the intake of starchy carbohydrates, probably decreased incomes most sharply for: (1) cattle ranchers. (2) Grocery store clerks. (3) Sushi ch

    		•
  • Q : Problem on double taxation The word ‘

    The word ‘double taxation’ signifies to: (i) The Corporation paying both the federal and state taxes. (ii) Corporations paying the corporate income tax and shareholders paying the personal income tax on dividends. (iii) Both partners in pa

    		•
  • Q : Labor Unions and Antitrust The legality

    The legality of trade unions as the labor monopolies and illegality of the monopolies in product markets is most rationally described by the: (i) Trade union’s interest in the social welfare and firm’s interest only in gains. (ii) Number of people who adva

    		•
  • Q : Normative goals of microeconomics

    Normative goals of microeconomics comprise: (w) economic growth. (x) price-level stability. (y) high employment. (z) equity within the distribution of income. Please friends choose one choice from the above. I want your suggestion

    		•
  • Q : Positive values of marginal utility

    The Positive values of marginal utility curve are related with: (i) Reducing values of net utility. (ii) The highest point on a net utility function. (iii) Negative values of a net utility function. (iv) Rising values of total utility.

    Q : Change in total revenue by market power

    When a monopolist raises price, it: (w) always increases its revenue. (x) always reduces its revenues. (y) doesn't influence its revenue. (z) may increase, decrease, or not change total revenue. I need a good answe

    		•
  • Q : Determine profit maximizing A

    A monopolist has an inverse demand curve given by p(y) = 12 - y and a cost curve given by c(y) = y2. (a) What will be its profi t maximizing level of output?

  • Q : What drives market towards their

    What drives market towards their equilibrium?

    		•
  • Q : Jollies gained-Production occurs I have

    I have a problem in economics on Jollies gained-Production occurs. Please help me in the following question. The jollies gained whenever production takes place do not comprise utilities of: (i) Form. (ii) Possession. (iii) Place. (iv) Substance. (v) T

    		•
  • Q : Effect of economic prosperity on demand

    Precisely predicting the effect of economic prosperity upon the demand for mass transit would be excellent facilitated by a good calculates approximately of the: (w) slope of the demand curve for mass transit. (x) price elasticity of

    		•